The RCAF's Next Generation Fighter (CF-188 Replacement)

[Fishbone Jones]

Moose?

Fishing and forest chickens.

 

[Fishbone Jones]

We are currently paying a billion a week on our current loans and obligations. That is just the interest, not the capitol. 52 billion a year in interest. The government takes in approx 450 billion a year. Carney is expected to run a deficit, twice the size of trudeau's, at north of 70 billion. I think he's already close with just his announcements, we still have to hear what's in the budget. Whatever we buy, is going to be bought with borrowed money. Canada is effectively bankrupt.

 

[dapaterson]

Canada is .ore fiscally sound than the USA.

 

[Czech_pivo]

Canada is .ore fiscally sound than the USA.

Hence that reason why we still have a AAA credit rating from the S&P. There are now only about 11 countries left in the world with this rating and yes, it is a very big thing as it effectively marks the interest rates applied against a countries debt - whether long or short term. The better the rating, the less cost to borrow money. Do not discount Canada having a AAA credit rating.

We are in with the likes of Australia, Denmark, Sweden, Germany, Norway, Netherlands, Singapore and Switerland.

Countries with a worse credit rating - and thus higher interest borrowing rates - are the likes of Finland, Austria, New Zealand, Taiwan, HK and the US at AA+

Lower down at AA is Belgium, Ireland, UK, UAE, South Korea, Slovenia

Lower still at AA- is France and Czech Republic

Japan is ever lower at A+

 

[Fishbone Jones]

Canada is .ore fiscally sound than the USA.

Yeah, that's what carney says anyway.

 

[dapaterson]

Yeah, that's what carney says anyway.

That's what international bankers say.

They trust Carney more than they trust Trump.

 

[Fishbone Jones]

That's what international bankers say.

They trust Carney more than they trust Trump.

My, there's a glowing endorsement. Lesser of two evils?
It doesn’t matter if he's won the popularity contest amongst his banking peers, he's still going to spend us into the poor house.

 

[Quirky]

he's still going to spend us into the poor house.

The UK warned us what carney did over there. Canadians didn't listen. Choices.....consequences.

Back to the F35!

 

[Kirkhill]

We are currently paying a billion a week on our current loans and obligations. That is just the interest, not the capitol. 52 billion a year in interest. The government takes in approx 450 billion a year. Carney is expected to run a deficit, twice the size of trudeau's, at north of 70 billion. I think he's already close with just his announcements, we still have to hear what's in the budget. Whatever we buy, is going to be bought with borrowed money. Canada is effectively bankrupt.

Canada is not bankrupt. Canada has a cash flow problem.

A bankrupt has no assets to offset its liabilities.

Canada has many assets.
It chooses not to sell them.
It hoards them.

Canada is a miser.

 

[Kirkhill]

Hence that reason why we still have a AAA credit rating from the S&P. There are now only about 11 countries left in the world with this rating and yes, it is a very big thing as it effectively marks the interest rates applied against a countries debt - whether long or short term. The better the rating, the less cost to borrow money. Do not discount Canada having a AAA credit rating.

We are in with the likes of Australia, Denmark, Sweden, Germany, Norway, Netherlands, Singapore and Switerland.

Countries with a worse credit rating - and thus higher interest borrowing rates - are the likes of Finland, Austria, New Zealand, Taiwan, HK and the US at AA+

Lower down at AA is Belgium, Ireland, UK, UAE, South Korea, Slovenia

Lower still at AA- is France and Czech Republic

Japan is ever lower at A+

You know who lenders lend money to?
People that have track record of paying interest.

If you default they don't lend money.
They also don't lend money to people that have never borrowed money. No matter how rich they are.

A good credit rating is more indicative of a willingness to follow the rules than it is of general financial health.

 

[Czech_pivo]

You know who lenders lend money to?
People that have track record of paying interest.

If you default they don't lend money.
They also don't lend money to people that have never borrowed money. No matter how rich they are.

A good credit rating is more indicative of a willingness to follow the rules than it is of general financial health.

Its about risk management and risk mitigation. The lower the risk, the better the terms are for the interest.

Canada 30yr bond - 3.65% - AAA
US 30yr bond - 4.754% - AA+
UK 30yr bond - 5.558% - AA
Germany 30yr bond - 3.34% - AAA
Brazil - 1yr bond - 14.265% - that's a 1yr bond

Here's an article that speaks volumes about 'risk management' and its affects on the bond market

Why everyone is worried about the bond market — especially Donald Trump

Spiking yields are credited with forcing the president's stunning about-face on tariffs. Here's why bonds are boss

ca.finance.yahoo.com

 

[suffolkowner]

The UK warned us what carney did over there. Canadians didn't listen. Choices.....consequences.

Back to the F35!

So lettuce head says we should pull out of cusma ?

 

[Czech_pivo]

So, anyone think that news on our F35 decision will come in the next hour or so? Late Friday afternoon before the start of the weekend?

 

[suffolkowner]

So, anyone think that news on our F35 decision will come in the next hour or so? Late Friday afternoon before the start of the weekend?

Is there supposed to be something today?

 

[MacNav63]

Is there supposed to be something today?

I think it's more a case of Monday being the last day of summer and the intention having been to have decided by end of summer and the assumption being that there will be little if any change to the plan then normal government practice would be to announce the decision late in the day on the Friday rather than on Monday..... A suggestion which, after more than 30 years in comms/public affairs, I find harsh. Fair, but harsh....